Updated Dec 4, 2024
B&T Rentals Renews 18.6K SF Industrial Lease In Houston's Four Seasons Business Park
6826 Bourgeois Road
Building Size
18,600 SF
Asset Type
Industrial
Closing
Feb 14, 2024
About this deal
AI
An 18,600-square-foot industrial lease renewal has been brokered by Houston's Finial Group. The lease is for B&T Rentals and is located in Four Seasons Business Park on the city’s northwest side. The single-tenant building at 6826 Bourgeois Road, constructed in 2015, is the property involved in this transaction.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: N/A
- Square Footage: 18,600
- Address: 6826 Bourgeois Road
- Market: Houston
Representing B&T Rentals in this deal are Jack Gaffney and John Buckley from Finial Group. They provided brokerage services for the undisclosed landlord.
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93